Daily triple top, break and retest of long term trendline leading to bearish breakdown. Price broke and retested the daily 49 EMA forming LH and continued on its bearish decent. I see this pair going much lower.
$GM is currently trading at the top of its price channel and is forming a shooting star pattern on its daily chart. Furthermore, it's also forming a sort of "micro" head and shoulders pattern with the two previous channel highs. Looking at the hourly shows decreased volume, declining MACD, and declining RSI from yesterday. Combined this presents a very strong...
GBPAUD breaking out or tripple top???
This past 2 years we have hit the ~2100 resistance pretty hard in the S&P 500. We are getting closer to the support line of the 2008 crash. If we pass that support line there is a chance for a Tripple Top Reversal. Price target is determined from taking the range of the tops, and subtracting it the green support line.
Potential EURUSD short if the price hits 1.1320. The entry is 20 pips below the daily resistance, with SL 40 pips above the daily resistance. If the price gets rejected at this level, it would be a triple top and triple rejection at this level. TPs is based of fibonacci from the 4h chart. Orders is as following: Position 1: Entry 1.1320 SL 1.138 TP...